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Comments by "" (@lonevoice) on "MPs line up to shout at Labour over tax on farmers" video.
@tisFrancesfault 100pc of annual income? How is that? Most farmers struggle to earn a decent living and based on farming profits, agricultural land has little value and no IHT should arise. The only reason that agricultural land has value is that is a tax shelter against IHT for the wealthy. If the wealthy can be discouraged from owing land then tenant farmers might be able to buy the land that they use and other farmers might be able to acquire more land and expand their operation.
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@rickatatastan2695 No-one is saying that they have to. The point is that if they want to, agricultural land should be economically affordable based on their productive use and not a concocted tax shelter one set up for the wealthy.
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